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Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures

EntrackrEntrackr · 5m ago
Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures
Medial

Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures The Bengaluru-based maths-focussed mobile gaming platform Matiks has secured $3.1 million (about Rs 27 crore) in a pre-Series A funding round led by Tanglin Ventures along with participation from Info Edge Ventures and other angel investors including boAt co-founder Aman Gupta, Unacademy co-founders Gaurav Munjal and Roman Saini, and Anil Goteti. The fresh funds will be allocated to expand its team, ratchet up marketing, enhance product offerings, and enter new geographies, Matiks said in a press release. Co-founded in Sept. 2024 by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, Matiks provides mobile games that enable users to test their mathematical skills. It also lets users compete against each other. As per market research, India’s gaming industry is currently valued at about $3.8 billion and is expected to reach the $9.2 billion mark by FY29. According to the company, it offers features like live 1v1 and multiplayer math duels, daily challenges, global leaderboards, and personalized progress tracking to make math practice engaging and fun for users of all ages. The platform offers games across different categories, with focus on speed, memory, puzzle, among others. It also runs weekly contests to enable higher engagement. Matiks allows users to add friends, and even has a discord community. It has just launched a paid ‘Creators Programme’ which lets users form a community on the platform. Currently, the startup claims to have around 1 Lakh users and has crossed 50K downloads on the Google Play Store.

Oneiric11 Gaming raises $1 Mn in pre-Series A funding

EntrackrEntrackr · 1y ago
Oneiric11 Gaming raises $1 Mn in pre-Series A funding
Medial

Actor Rannvijay Singha-backed esports and gaming platform Oneiric11 Gaming has secured $1 million in pre-Series A round co-led by NG Family Trust and TAC Holdings, along with participation from other investors. The funds will be utilized to expand its game development team, enhance technological infrastructure, and increase marketing efforts to reach a broader audience, Oneiric11 Gaming said in a press release. Launched in 2020 by AVneet Singh, Oneiric11 Gaming focuses on creating immersive and engaging gaming content tailored to the preferences of Indian gamers. According to the Chandigarh-based company, its zero transaction fee feature on the platform is a consumer-centric approach and showcases its commitment to responsible gaming. Players can engage with a wide range of fantasy sports and enjoy rewards and prizes, making it the destination for fantasy gaming enthusiasts. The other prominent startups in this space are GRID Esports, Gameskraft, EVOS Esports, JetSynthesys, et al.

Circle of Games raises $1 Mn from Nazara and The Hashgraph Association

EntrackrEntrackr · 1y ago
Circle of Games raises $1 Mn from Nazara and The Hashgraph Association
Medial

Web3 multi-gaming platform Circle of Games (COG) has raised $1 million in equity funding from Nazara Technologies FZ LLC, (a wholly-owned subsidiary of the Nazara Technologies Limited) and The Hashgraph Association, a Swiss-based organization. The proceeds will be used to fast-track its go-to-market strategy, improve platform capabilities, and widen its international presence in the US, EU, Middle East & Africa, and Asia in 2024. Founded by Rabilal Thapa (CEO), Rajeeb VC (CTO), and Rohit Tiwari (CMO), Circle of Games has gained over 250,000 registered Android users, with its user base expanding rapidly. The platform is scheduled to launch its app on iOS devices by Q2. With over 250,000 registered users, COG plans to expand its gaming portfolio from the current six games to over ten games by Q4 2024. COG client base includes web3 projects and ecosystems worldwide, namely Chingari, Solana, Foundership, KGeN/IndiGGMetarun, TheFishVerse, NinjaGames and various Gaming Guilds/DAOs, among others. These partnerships provide COG unique and immediate access to a 500 million gaming community in over 50 countries. Recently, Nazara announced that it has planned to invest $100 million towards mergers and acquisitions (M&A) within the next 24 months.

Postudio raises $1 Mn in pre-Seed funding

EntrackrEntrackr · 1y ago
Postudio raises $1 Mn in pre-Seed funding
Medial

Snippets Postudio raises $1 Mn in pre-Seed funding The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Gyan Vardhan 21 Jan 2025 13:08 IST Cloud-based post-production software company Postudio has raised $1 million in a pre-seed funding round led by Audacity Venture Capital. The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Founded by media veterans Dhawal Gusain and Harish Prabhu, Postudio offers a web-based platform that enhances post-production workflows with features like virtual editing, real-time collaboration, and AI-driven content localization. In under two years, Postudio has crossed the $1 million ARR milestone and aims to double its revenue in 2025, driven by rising demand for remote collaboration and a focus on affordability and data security. According to Postudio, its innovative platform has been rapidly adopted by media enterprises and independent production houses in India. The company is now poised for global expansion, aiming to redefine the post-production industry with scalable, cloud-based solutions that offer significant cost savings and enhanced security. The firm added that major media enterprises have achieved 20-40% savings by adopting Postudio, which provides easy implementation, user-friendly design, and enhanced security for content protection.

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